Practical Marketing Initiatives for Small Businesses in 2009

Being practical is always wise.  Being practical is today's economic environment is just plain prudent.

In tracking macro trends as well as developments in marketing, we have found that there are key marketing initiatives that are most practical and prudent for small businesses.  Which of these is/are best suited for your particular business and budget, and to what degree, will depend upon a number of factors.  The reason we refer to these as initiatives is because many of them require a fair amount of time and effort to support, a number of them on an ongoing basis.

IMPORTANT NOTE:  Before you launch into any marketing initiative, the MCTT team cannot state strongly enough that you need to have a strategy identified, research all applicable marketing tools and metrics, develop key messaging, determine a budget, account for all existing and needed resources, and finally establish prospect and customer response mechanisms.  And remember to prioritize both your business and marketing initiatives in order to make them manageable and their objectives achievable.

Practical Marketing Initiatives for Small Businesses in 2009:
  • GENERAL
    • Business identity (name, logo, tagline, etc.)
    • Professional affiliations for credibility (BBB membership, licenses, industry associations, etc.)
    • E-commerce solution if/where applicable
    • Green initiatives wherever applicable
    • Partnerships (co-branding, cross-promotions, etc.)
  • ONLINE
    • Strong and regularly updated website content
    • Regular SEO tracking and maintenance
    • Listings in industry-related and search directories, free versions whenever possible 
    • Blogging and blog commenting
    • Twitter and industry-related social networking group participation
    • Targeted online advertising
    • Targeted Public Relations
      • Media relations, press release distribution 
  • OFFLINE
    • Proper signage for any physical addresses (storefronts, offices)
    • Community outreach
      • Cross pollination with the general public, other local businesses and organizations
    • Printed marketing materials, if applicable
      • There are still instances when hardcopy collateral is a strong or even necessary sales tool
      • On-demand printing if available and affordable is recommended
    • Targeted Public Relations
      • Launch or co-op events, product placement, etc.
Which of these initiatives or combination of them should be utilized will depend upon type and model of business, what the business and marketing goals and objectives are, what resources are available, how much time and effort can be dedicated on a regular basis, and the ability to track progress and make adjustments as needed.

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